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bill clinton, there was great economic prosperity. the whole answer of obama is all about bill clinton and how nifty economy was under him. i would have given a limb to see ann romney turn to him and say, i knew bill clinton -- see romney turn to him and say, mr. president, i knew bill clinton. [laughter] our ideas work. their ideas don't. he last the month years, our economy has grown to 1.5% per year. that is less than half the historical average. this president is fond of saying he inherited the worst economy in the history of the universe. everything, by the way, is george w. bush's fault. much historical memory when he makes the argument. any of you remember 1978-1979? double-digit unemployment, 22% interest rates, gas lines, stagflation. in 1980, a different president got elected. ronald reagan, like barack obama, inherited a struggling economy. ronald reagan implemented policies 180 degrees opposite of barack obama. instead of checking up taxes, he cut taxes. instead of exploding spending and the death, he restrained growth and spending. instead of -- debt, he restrained growth
: just a related note. jim saying president bush read -- raise taxes and bill clinton ran on the worst economy in 50 years. guest: to the last caller, i do not mean to disappoint you. i agree with what you are saying. we do not have a position that we should lower taxes on corporations. there are some democrats saying that. it seemed crazy to me. we desperately need the revenue to kickstart our economy. when you talk about the fact that our government has been captured by lobbyists and corporate interests, when i talk about -- talk to moveon members, that is the first thing they say. banks have absolutely capture the regulatory process. oil companies have a huge amount to say about what the energy regulations are. you can go right down the list. i totally agree that we have to change how campaigns are financed in this country and the revolving door that allows people to zoom right out of government into lobbying and back and forth. that door should be slammed shut. there are things we need to do to break the ties between corporations and big business and the government that should be s
. and clinton was directly involved. i can remember getting calls from him at weird hours of the night. i always wondered what he was doing up. [laughter] he would know the section of a bill and how much money was in it. and i remember one like the schip, the children's health care program. he said, can we add 10 million more which was chicken feet. he made concessions to us and we made concessions to him and we got the job done. i think i am going to act a little bit like a republican. first off, while the democrats won, i wouldn't call this a mandate. if there's a mandate, it is for the president and the congress to start working together. he doesn't talk to members of congress. democrats will tell you that. he just -- he hasn't been engaged. and the problem is not enough revenue. the problem is too much spending. now, i sound like a republican. the solution, though, is we're going to find a way to get more some revenue and the ways to do it that would still provide growth in the economy without stifling growth and we're going to have to get entitlement reform. we're going to have to control s
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